Is peak oil a meme?

Is peak oil a meme?

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theguardian.com/environment/2016/apr/13/worlds-largest-coal-producer-files-for-bankruptcy-protection
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I don't know, but my head is enormous.

So is this just going to be one of these threads?

most of the earth surface is covered in ocean not even 1% of the ocean floor has been surveyed for natural gas and oil

yes it is a meme

that's the best you've got?

Well production would have to peak at some point

There are vast amounts of oil and has in the ocean.
Isn't that enought for you?

That point could be 50-100 years in the future.
If the AI thing turns out to be slower than expected and people still ignore fusion, it might just happen like this.

All transitions are going to be gradual.
The oil market won't just crash overnight because of some new biomeme energy.

Things will slowly transition to other forms or combinations of forms of energy.
Even if we had profitable fusion by monday morning, it would take 10-20 years before fusion would play an important role in energy production. (That refers to high-capitar, tokamak-like fusion)

Conventional oil production basically peaked 10 years ago, new production is just meme oil(shale, oil sands)

Comparing conventional oil to unconventional oil is like comparing natural gas to lignite coal(one is shit)

>tar sands
>meme oil

>production peaked 10 years ago
>is actually increasing

>coal gas is shit

>50-100 years in the future.

i.e., possibly within the lifetimes of many people alive today, perhaps many reading this board?

"peak oil" is a fantasy invented by Democrats

The idea is that "peak oil" will eventually make fossil fuels more expensive than renewable alternatives. The reality is that fossil fuels will remain cheaper than renewables for centuries.

The whole argument is stupid anyways because we should all be switching to nuclear power and the French model, but neither side has the balls to fund the research and implementation

>production peaked 10 years ago

Conventional(cheap) oil, yes

>tar sands
>meme oil

As somebody who lives in Alberta and works in the tarsands industry, it is a meme. The amount of water, manpower, and energy used to extract some shitty sulfur contaminated ultra-heavy oil is unreal, 60 years ago you could just drill a hole in Texas and sweet light crude would gush out

Yeah, production might peak within your lifetime, but it certainly won't stop in it. Production won't just stop when it peaks. It'll take a few more decades to drop significantly.

fusion will never be cost-effective

nice fantasy, faggot

it's still cheaper than the alternatives

>cheaper

Not for long, the industry is bleeding money at these low prices, once companies start going bankrupt the lack of production and exploration will catch up, leading to shortage and skyrocketing prices, leading to recession as the general economy can't pay for transportation of goods(they already have enough debt as it is), leading to demand destruction, leading to low prices again, repeat... the industry is in a viscous cycle of destruction due to the fact that all the cheap oil is running out, the middle east still has lots(according to them) but even now they they have to inject salt water into their wells to keep up production, Saudi Arabia doesn't their reserves and now they want to sell Aramco($2 trillion IPO), why would they want to sell their most valuable asset if they can get still decades of oil from them...

Coal is going broke, natural gas is going broke, they can't survive at these low prices

>doesn't disclose their reserves*

>natural gas is going broke

>but even now they they have to inject salt water into their wells to keep up production
Salt water injection has been a standard EOR technique for almost as long as oil existed.

>Coal is going broke, natural gas is going broke
kek, citation really fucking needed.
coal has 100's of years worth of proven reservers, and it will always be as cheap.
Gas isn't just doing fine, but the recent coal gas trend brings even more gas and gas pipelines in the market.

interesting read, desu

>Coal is going broke
Really? How?

theguardian.com/environment/2016/apr/13/worlds-largest-coal-producer-files-for-bankruptcy-protection

Low prices, demand destruction due to environmental regulations and natural gas competition, natural gas industry is also getting BTFO from low prices, natural gas production peaked last year and is declining

That only happens in countries where the industry is targeted by some lobby (or "genuine" enivironmentalists).

This comic format is pretty amusing.

>not even 1% of the ocean floor has been surveyed for natural gas and oil

and they still fucked it up

>pic related

You're being ironic, right?